Ahead of the 2025 Bull Market, Cardano (ADA) Has Emerged as a Potential Contender

Ahead of the much-anticipated altseason for the 2025 crypto bull market, Cardano (ADA) has emerged as a potential contender.

The price of Cardano (ADA) has risen by 14 percent over the last seven days. The large-cap altcoin, which has a fully diluted valuation of about $31.8 billion and a 24-hour average trading volume of about $913 million, was trading at about $0.7092 during the mid-North American trading session on Monday.

Top Reasons Why Cardano Price Gained

According to market data analysis from Intotheblock, Cardano has depicted a correlation of 0.87 out of 1 with Bitcoin in the past 30 days. With Bitcoin (BTC) price attempting to rally beyond a crucial resistance level above $95k, ADA’s price is well positioned to break out in tandem.

Since U.S. President Donald Trump announced on April 9 via Truth Social that it was an opportune time to buy, Cardano’s Futures Open Interest (OI) has surged from $603 million to around $802 million at the time of this writing.

Midterm Targets for ADA

From a technical analysis standpoint, Cardano price is following a similar fractal pattern to DOGE in the 2017 cycle. Worth noting that the first explosive rally for altcoins in 2017 happened during the second quarter.

#Cardano $ADA is approaching a major test at $0.74. A breakout above this level could pave the way for a move toward $0.88.

As such, it remains a critical level to monitor as a potential breach could be a bullish sign for ADA traders and investors.

In the 3-day timeframe, ADA price has formed a symmetrical falling channel, which could be breached in the near future. According to crypto analyst Ali Martinez, ADA price is well positioned to rally towards 88 cents, if it consistently closes above the resistance level around 74 cents.